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GBP Bid, Gilts Drop as EU Member States 'Prepare' For New Trade Deal

UK

GBP/USD rallies to touch new session highs of 1.3445, with Gilts under pressure as Reuters cites sources in saying that EU member state have started to prepare the procedure of a provisional application of a new UK trade deal from January 1st.

The report adds that member states were told by the European Commission to be ready for a meeting tomorrow morning should a deal be finalised today.

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